SK Hynix is evaluating the possibility of going public in the United States, which is expected to narrow the valuation gap with American peers such as Micron Technology.
On Wednesday, South Korean chip manufacturer SK Hynix stated in a regulatory filing that the company is "evaluating various measures to enhance its corporate value, including the possibility of listing on the US stock market using inventory stocks, but it has not yet been finalized.
Previously, the Korean Economic Daily reported on Tuesday that the company had received proposals from multiple investment banks to list approximately 2.4% of its outstanding shares in the form of ADR American Depositary Receipts, equivalent to approximately 17.4 million shares.
Analysis suggests that through the listing of ADR American Depositary Receipts, SK Hynix can not only narrow the valuation gap with peers such as Micron and TSMC, but may also attract capital inflows from passive funds, ETFs, and pure long funds that only invest in US listed stocks.
Benefiting from the demand for high bandwidth memory chips boosted by the AI boom, SK Hynix's South Korean stock price has surged by about 225% since the beginning of this year. On Monday, the stock surged 6.1%, the largest increase since mid November, triggering a cautious trading warning from the South Korean exchange to investors.
Despite the impressive growth of the company's stock price this year, there is still a valuation gap compared to its American counterparts.
By going public in the United States, the company is expected to enter a broader pool of global investor funds. This measure has also been interpreted by the market as a strategic attempt by SK Hynix to address the so-called "Korean discount" phenomenon.

SK Hynix is evaluating the possibility of going public in the United States, which is expected to narrow the valuation gap with American peers such as Micron Technology.
On Wednesday, South Korean chip manufacturer SK Hynix stated in a regulatory filing that the company is "evaluating various measures to enhance its corporate value, including the possibility of listing on the US stock market using inventory stocks, but it has not yet been finalized.
Previously, the Korean Economic Daily reported on Tuesday that the company had received proposals from multiple investment banks to list approximately 2.4% of its outstanding shares in the form of ADR American Depositary Receipts, equivalent to approximately 17.4 million shares.
Analysis suggests that through the listing of ADR American Depositary Receipts, SK Hynix can not only narrow the valuation gap with peers such as Micron and TSMC, but may also attract capital inflows from passive funds, ETFs, and pure long funds that only invest in US listed stocks.
Benefiting from the demand for high bandwidth memory chips boosted by the AI boom, SK Hynix's South Korean stock price has surged by about 225% since the beginning of this year. On Monday, the stock surged 6.1%, the largest increase since mid November, triggering a cautious trading warning from the South Korean exchange to investors.
Despite the impressive growth of the company's stock price this year, there is still a valuation gap compared to its American counterparts.
By going public in the United States, the company is expected to enter a broader pool of global investor funds. This measure has also been interpreted by the market as a strategic attempt by SK Hynix to address the so-called "Korean discount" phenomenon.